Taulia is now part of SAP.
Payment Terms Legislation In Turkey
Turkey
Please see below for a summary of payment terms in Turkey and the various industries across which payment term legislation appears. You can also download a summary of all Turkish payment terms by clicking the button below.
| Industries | Laws | Codes | Notes | Interest Rate |
|---|---|---|---|---|
| Government | ||||
| Comm_terms_law | ||||
| Construction | ||||
| Manufacturing | ||||
| Retail_agriculture | ||||
| Services |
LAWS
Article 1530 of Turkish Commercial Code 6103, Results of Late Payments in Processes Prohibited by Commercial Provisions and Supply of Goods and Services, sets a 30 day default term where no term is specified in contract. The maximum commercial contract term is 60 days unless otherwise agreed and not a severe injustice. For payments to SMEs, agriculture or animal producers the maximum term is strictly 60 days.
- Construction
- Manufacturing
- Retail_agriculture
Article 7 of the Law on the Regulation of Retail trade sets a maximum payment term of 30 days for good which can spoil within 30 days.
- Retail_agriculture
Ready to liberate your cash?
Discover the source of value in your supply chain
Contact our sales team